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Calculator Amortization - Determining Loan Duration
Here you can find another calculator amortization, the purpose of which is not just present amortization schedule for the loan, but to estimate duration of the loan based on the regular payments to be paid. Payments include both repayment of principal and interest payments.
This calculator allows to estimate number of years for which the loan will be due. The calculator assumes payments are made on a monthly basis.
How to use calculator amortization?
To use this calculator properly, you will need to enter the following data:
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monthly payment amount one (this will allow to compare two options - one with bigger monthly payment and another with lower monthly payment)
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monthly payment amount two
The results to be provided to you will be number of months and years the loan will be due for both options. This calculator will not present amortization schedule. If you want to get that, use the appropriate calculator from the below list.
Download amortization calculator mortgage here
Other Resources
Below you can also find a list of all calculators you can download for free on our site:
Free Excel Calculator 1 - simple fixed rate mortgage
Free Excel Calculator 2 - fixed rate mortgage with extra payment
Free Excel Calculator 3 - comparing the options & amortization for quarterly and semiannual interest payments
Free Excel Calculator 4 - compare annuity & linear payments
Free Excel Calculator 5 - determining loan duration
Free Excel Calculator 6 - exploring refinancing options
Free Excel Calculator 7 - do it yourself in Excel
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